tv Cavuto Coast to Coast FOX Business March 30, 2021 12:00pm-2:00pm EDT
12:00 pm
it is somewhat similar, is it not? ashley: i love it. i have seen horses go through wendy's drive-thrus, mcdonald's. why not. begs the classic question, why the long face? what kind of coffee. stuart: how hot is the coffee. thanks, ash. time is up for me. neil, sir, it is yours. neil: that's great. why the long face. he beat me to it. thank you, stuart, ashley, thank you very much. we're down 135 points right now. janet yellen might be raining on this parade a little bit. we're getting drips and drabs on what she is saying for the joint event with the hispanic chamber of commerce from the president of the united states. one of the things coming up how strong the recovery will be, strong enough she says, treasury secretary, former fed head, talking increasingly about full employment returning next year. that is a little sooner than others might have thought.
12:01 pm
it might add a little backup in yields with the ten-year note about 1.73%. again this backup seems to be begging to get to 1.8, maybe 2%. the fact of the matter if the treated the yield on a 10-year note like a commodity, tin or magnesium or copper, any of that stuff, it is priced so to speak as tripled in little more than a year. about half a percent a year ago. now more than 1.7% today. that is a worry. because that does mean the people who are in debt going to have to pay a little bit more and we're already paying a little bit more for homes and that sort of thing. maybe more to come. the pace of sales strongest we've seen in a decade. we'll get to that in a second. the backdrop for all of this that conditions are ripe for a strong economy that can easily weather the storm of paying more support a very expensive infrastructure package.
12:02 pm
some of the numbers out, two, three, even $4 trillion with a chunk of higher taxes to pay for it all. blake burman has been following it all. he joins from us the white house. hey there, blake. reporter: neil, the white house says we'll get the details on all of this when the president outlines it tomorrow in pittsburgh, pennsylvania. the white house is saying that the president will talk about investments in the areas like domestic manufacturing, research and development, the caregiver economy and infrastructure. perhaps a multitrillion dollar package. one of the big questions, how much do you go about paying for some or all of this? last week the transportation secretary put pete buttigieg floated idea, that infrastructure package could be paid for mileage fee, how much you drive. yesterday he walked off of that idea say a gas tax will not be increased to pay for a
12:03 pm
infrastructure package. buttigieg said i want to reit a a commitment if you're making less than $400,000 a year this proposal will not involve a tax increase for you. end quote. while user fees are being shot down the white house is openly acknowledging that infrastructure will be paid for in large part by tax hikes. >> he of course believes that investing in our infrastructure, continuing to create good-paying union jobs is front and center but he also believes we have an opportunity to rebalance, to take, to address our tax code that is out of date and, some could pay more in our country that are not currently. reporter: neil, the white house has been saying they believe, they want to try to get a bipartisan infrastructure package. everyone wants to build roads and bridges of course but, once we details tomorrow, whether or not there is climate agenda
12:04 pm
component, you talk about tax increases to wealthiest of earners and corporations. that is where you get the divide in washington. it will be interesting whether or not the salt cap will be a part of the president's plan or not because some democrats want that to be included that of course is the cap that you put on state and local tax deductions. democrats want that cap, some of it to go away. that would actually be a tax cut for some highest energy earners should that be included. bottom line, details to come tomorrow, neil. neil: that is if you include those high earners, if you want to save money on the whole proposal that is a way to do it too. not that i'm advocating. these guys are playing fast and loose with the moolah. blake burman at the white house. want to go to jackie deangelis. first off, jackie, thank you for your hard work in my absence yesterday. i do want to talk a little bit, jackie what is happening around the country with some states including new york the latest to
12:05 pm
lower the age which you get a vaccine. 30 now. they hope by next month have it down to 16 like some other states. what's happening? >> good afternoon to you, neil. always my pleasure. i will say this regarding the vaccinations the hope of course is that that will help new york reopen its economy. there is a push and pull. president biden who called texas governor abbott decision to reopen businesses 100% and remove of the mask mandate neanderthal thinking is loosening restrictions to tighten back up. he wants states that dropped the mask man tate to reinstate it. he said some states should wait to reduce restrictions. that reckless behavior could spur more cases. the cdc director said cases could spike in the spring and summer. she said there is this impending doom. however, biden who repeatedly says is all following the
12:06 pm
science doesn't seem to do that. just yesterday it reported new york and new jersey were in the worse shape with respect to new coronavirus cases. these are two new blue states with strictest rules. comparing new york and texas, texas which is open for business is seeing lower numbers than new york. we don't know why this is. it indicates keeping the economy closed is not necessarily the answer here. similarly florida is more open is not seeing worse coronavirus numbers than the states shut down either. the science seems to suggest that herd immunity is setting in. a combination of people naturally contracting the virus, combined with people getting vaccinated. that was a point dr. fauci made early last year that herd immunity just might be the only thing that could solve this crisis. that may have nothing to do with businesses being open or closed, neil as we can see in these two extreme cases. neil: all right. thank you, very much.
12:07 pm
jackie deangelis following the fast-moving developments that means by the way next month half this time, half the states, maybe more, seem to be added to the list will allow essentially everyone who wants to get vaccinated to go ahead and get vaccinated there is survey out shows seven out of 10 americans have either had one dose of a vaccine or plan to in the weeks ahead. that would be 70% of the population if it bears out. doesn't always bear out. i want to pick up on the point with dr. devi -- dr. devi nampiaparampil. as vaccinations pick up considerable steam. the pace of vaccinations is figuring up, the pace of those getting doses is widening out. where do you see the overall vaccination rate a month from now? if it is a third of the u.s.
12:08 pm
adult population roughly that now what do you think it will be next month? >> well i think it will be significantly higher. i mean the pace seems to be picking up but my biggest concern is, are we vaccinating the most vulnerable people? so for example, in the past month i probably talked to thousands of people. many of whom are patients. when i talk to them, i'm a pain physician, i treat people with spinal cord injuries, disk her any ageses, spinal disorders, arthritis, cancer related pain, really vulnerable patients, right? what they tell me the majority of them are not vaccinated. when i ask them why because they're eligible for the vaccine. they tell me they cannot stand in line for mass vaccinations for hours. transportation there is not available. public transportation is not accessible enough. that the insurance will pay for medical visits, transportation but not for transportation to get vaccines. they also tell me that they're a little bit confused what is the
12:09 pm
difference between an emergency use authorization which they see as rushed, versus full fda approval. there are a lot of reasons for this vaccine hesitancy how we would dub it i guess among the population but if we continue at this pace, sure we'll make it even harder for them to get access to the vaccine. these are the people that probably need it the most. so i think from a practical point of view, you know, this is new york, if the focus also on how do we get the vaccine to people rather than bringing people to the vaccine, whether it is through medical offices, whether it is through home health agencies or visiting nurses. that is the only way that we're really going to be able to protect the vulnerable from a vaccination point of view. for those that are eligible, if we lower ages we may increase the vaccination rate but it will be even harder for those who might be able to over come the challenges to actually compete with the younger folks who may be more digitally savvy, just in general, the large number of class of people that would be
12:10 pm
competing for the virus but to actually compete to get the vaccine and get their slots. so i think it will actually make it a little bit more difficult. neil: having said that, the cdc director, rochelle walensky, talked about the impending doom where abroadwayss like are brazil where cases are spiking. in europe where cases are spiking. in europe a hodgepodge of consistencies but rollout is fair to say disaster of vaccines there. she wants to really force states and get the president to force states to get back to honoring some of these restrictions that were in place like mask-wearing and distancing and all the rest. what do you make of her plea, don't get ahead of your skis here? >> well, i mean i was moved by her plea. she clearly cares about her patients and the american public. so i was touched by that. the hard part about the plea is that they're not very many
12:11 pm
concrete steps about what people at home, even if they want to help what can they do? if it is to wear masks, people can wear masks without a mask mandate. i'm in favor of wearing masks in public but the mandates are tricky because of the penalties. if you have a mandate in place, people respond more effectively i think when you ask them to do something versus when you threaten them with punishment. will the punishment match the crime? sew that is a little bit tricky there, in terms of physical distancing we can safely reopen with the masks and physical distancing. we have done it in many places. the concrete steps have to be outlined. personally i think this plea, rather than being directed at the public should be directed towards congress and some of the people, the lawmakers that actually can create financial incentives to allow the public to follow what they're being asked to do because, for the
12:12 pm
most part, from what i can see, people who are having struggles with this, really it is more related to their financial situation and a lot of the other challenges that they have in terms of taking care of their families and being able to provide for themselves. so, if there could be something done that could actually align the government's goal, the cdc's goal and the public's goals and maybe in a more nuanced approach that would be a more effective strategy than kind of financially incentivizing people to do all different types of things and making a plea for them to go against what makes sense for them financially. neil: i don't know. you're a great doctor, doctor but the government doesn't do nuanced. we'll see how that goes. thank you very, very much. dr. devi nampiaparampil. physician extraordinary. let's raise the issue the good doctor raised, with dan meuser,
12:13 pm
congressman from pennsylvania. government spending efforts, more stimulus to come with more infrastructure but what if her point that she made on heeding some of these warnings from the cdc, director be careful not getting ahead of ourselves, what did you think? >> well, look, we're in a far better place right now than we were a couple of months ago or several months ago and vaccines are rolling out. people are still wearing masks. i think we need to be smart. we need to be safer. we need to be open, we need to keep an eye on things but, people are ready to get back to work. we're certainly ready to get back to school. the cdc's, has gone back and forth a little bit too often here. we have the data. we see what is happening. the most vulnerable are getting vaccines. herd immunity is increasing. now we're on a rise here. we don't need anybody talking
12:14 pm
gloom and doom. neil: all right. so you think -- >> let's follow the science, right? not the political science but the science. neil: all right. so as far as the reopenings that are going on you think they're going at it on a good pace and those be continued, be use common sense. what specifically are you recommending? >> absolutely. look what is happening in florida. look what is happening in texas and the cases and the fatalities there happen to be less, not a lot less say my state in pennsylvania but they're leaning forward. they're trying to be smart. they're always trying to come up with creative ways, talking to industry and being inclusionary. that didn't happen in pennsylvania. it didn't happen in many states. there was no conversation with the restaurant industry. how can we do this. you know, on same note it is not a blue or red thing either. you and i talked about this either, look at rhode island schools. they have been open since the fall. it can beon nee n adsds smads srtla buy-i b
12:15 pm
omal publial pubc.c. : alill r. thtaat haste aoc demticemti or lrnt tase t ihe c.ckededed t. neil ne l:e:et y:et yet yakn iisstisctsturruruh. li y ahy eeme s tdd manmano to ' taxx hesutre but w nothototigt wee'rti'r angngot l teses dul g g gp i ts.hihihihi cod hig ass 4 4 4 -dol4 larol4 lar pn. p p tri includingcl some tax t hikes to pape f that.t.t. enen manyyy of that?? uldingul into io i i ptsburgrg pi piurpighs the cenhe cr of t offf enerer industrndusy foror thet. we din rig.ig will be b next austin, texas if we get the right governor moving forward. we're looking forward to hearing what president biden has to say. right now we're getting a lot of information he has part one, part two. part one is more traditional. it is about rail, it is about infrastructure. it is about roads and highways. it has a very significant green new energy bent.
12:16 pm
what we have to do, neil, is focus on what is in the best interests of the people and you know, you need to provide a value proposition, right? what are they going to get for the net increases that he is looking for and he talks about which, if you're going to spend a couple trillion dollars, the money has to come from somewhere. now the idea -- taxation in order to pay for this, you want those golden eggs, you better be sure you don't kill the goose. neil: got it. >> we know very well the trump tax cuts created an absolutely booming economy. we should at least be able to learn tax cuts grow an economy. stimulus spending, not so much. neil: we shall see. congressman dan meuser, thank you of pennsylvania. thank you, sir, very, very much. the congressman was speaking that you're noticing the corner of wall and broad we have a selloff ensuing right now. we have been around this area
12:17 pm
for a little bit. a lot has to do with the backup in yields that appears 1.7 level overnight for the 10-year note. a little bit north of that. last i checked it was 1.73. i believe, having said all of that we should keep in mind that a year ago, roughly a year ago at this time that 10-year note was going for half a percent. we were in the midst of a pandemic, free fall in the economy so that was to be expected but it has been a measurable climb up in that period. if this were the price of something you would be looking at that, saying yikes! after this. ♪.
12:18 pm
- hello, friends, michael youssef here. to some people, the cross is a symbol of division and hatred. to others, the cross is an offense. only those who place their whole trust in the christ of the cross will receive forgiveness of all of their sins and guilt and receive eternal peace. will you come to christ today? - [announcer] visit findingtruepeace.com to find out more.
12:19 pm
do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. our friends sold their policy to help pay for their medical bills and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset
12:20 pm
that can be sold. we learned that we can sell all of our policy or keep part of it with no future payments, who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance. it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today.
12:21 pm
12:22 pm
sensitive to interest rate swings. this is reflective of a strong economy by and large. so strong, janet yellen, the treasury secretary has been saying today, she is optimistic we can return to kind of like full employment where we were before things hit with the pandemic by next year, next year at this time. keith fitz-gerald with us. gary kaltbaum with us. gary what do you think is happening on the rate front? >> look as rates go higher the cost of capital does go up. that somewhat hurts especially when the economy is used to lower rates. it is indicative of what i call the opening up trade, vaccine trade. it started november 9th when they announced it. as we continue to open up as the vaccine continues to skyrocket. as the virus continues to crash, expectations are rates will stay up. but again, 1.7% is nothing compared to what we've seen throughout the years.
12:23 pm
it is still very, very low. it is pretty much on the easy money front for the economy. neil: you know, keith, looking at this, though, looking at how this notion of a pickup in economic activity here could help all players, bonds included. commodities included. stocks included, do you buy that? >> absolutely i buy that. rising rates are a sign the economy is actually picking up speed. yeah, they're bad. they cause lots of consternation with days like today. overpaul rising interest rates as long as the speed of them doesn't get out of hand is actually a good thing. stocks have done very well in rising interest rate times. neil: if i could switch gears a little bit, focus what is happening right now on the crypto currency front, paypal the latest to say we'll dabble in it a little while. bitcoin players, even those embracing this digital currency, has grown mightily, over just
12:24 pm
the last few weeks. gary, what do you make of it? >> be afraid. be very afraid. neil, bitcoin is up five to six fold in the last year and now everybody loves it? and now everybody is adopting it? you know i harken back to late 17, the last time bitcoin did the rocket ship thing t was getting adopted. everybody loved it. it dropped like 85%. now i'm not saying the same thing is going to happen but if it drops 50% from here after a five, six fold move, that would be quite normal. all the merchants coming out to accept bitcoin somewhat insane. if i'm selling a car and accepting bitcoin and bitcoin drops 25%, not only do i lose what i made but lose a ton more. so i'm not in the great camp i would be adopting it after such a move. maybe on pullbacks. i would still be very, very careful here. neil: you know, i often think
12:25 pm
that some of the stability, keith, that has returned to bitcoin by that, the wild swings are not nearly as present as they were. 20, 30% swings often more in a given day. now just five to 7%. i'm not minimizing that but trying to say maybe all the cachet names getting behind it, giving bitcoin what i like to call street cred. what do you think of that? >> i think you're on to something. i would change the focus a little bit. i think the institutions coming in viewing it as a alternative asset class. when you have depth and liquidity you have stability. whether or not there will be volatility that is a different question because the two are nuanced completely worlds apart. i'm with gary. i think i would be very careful. the thing i worry about all the merchants suddenly embracing it but don't have hedging capacity. this is airlines not hedging the cost of jet fuel or banks not
12:26 pm
hedging the cost of capital. if they don't do it they're in for a world of hurt. those that do will probably have a great ride. neil: guys, we'll see you a little bit later this hour talking a little bit about some investment possibilities beyond technologies, particularly space technology, that is coming up a little later. meantime here, rutgers, becomes the first university in america to say, you want back in classes, on campus, next fall? better make sure you're vaccinated, after this. seeing blood when you brush
12:27 pm
or floss can be a sign of early gum damage. new parodontax active gum repair kills plaque bacteria at the gum line to help keep the gum seal tight. new parodontax active gum repair toothpaste. [announcer] durán catches leonard with a big left. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down. and there's nothing down there with you but the choice that will define you. do you stay down? or.
12:28 pm
12:30 pm
12:31 pm
2500 shots a day of the pfizer vaccine and our goal is to have a vast majority of our students vaccinated by us before they leave for the summer. neil: all right. an aggressive plan on the part of mitch daniels, purdue university president, to make sure most students at his school are vaccinated by the end of the year, the school year which is just weeks away if you think about it but many schools are contemplating going even further than that. rutgers, for example, next year says you can't get back on campus for in-person class unless you have been vaccinated. lydia hu following all of this from new brunswick, new jersey. lydia. reporter: yeah, neil and it seems that as the policy being announced last week the mandate to get vaccinated before the return to classrooms for students does seem generally students at rutgers are in support of it. the student assembly president issued a statement said
12:32 pm
essentially quote, this is the right move and the student-run paper published an op-ed just yesterday generally supporting this measure but not all students are in agreement. we're actually joined right now by a sophomore here. and stefano has an issue with the policy. it draw as distinction between students and faculty and staff. while students are mandated, faculty and staff are strongly encouraged to get the vaccine but they would not be stopped to return to the classroom. that is an issue for you. tell us about that. what are the concerns there. >> exactly, put it simply it's a double standard. it doesn't make sense. faculty, they're older than us, they're more susceptible to the virus, students we're at the age if we do get the virus 99.8, whatever the schtick is is we'll not be affected by it. we're not going to even really get it. for them to mandate for us and not for thing faculty doesn't make much sense.
12:33 pm
reporter: very good point there. thank you for your insight, stephanos. other issue to be considered, availability of vaccine. mandate for the students to get the vaccine. there is assuming there will be enough for them to be available to them. look at this, we stats for new jersey, ranks roughly in the country for fully vaccinating 16 1/2% of the population so far. governor phil murphy has the goal to vaccinate 70% by july. that is part of the consideration as a mandate like this is put in place. here is more on that analysis. listen. >> we can't have mandates unless we make available the vaccine so we have to provide access. international students who might not have had access to moderna, to pfizer, to johnson & johnson need to have clinics available to them. reporter: now rutgers says it has been approved to started a ministering the vaccine to
12:34 pm
students, staff and faculty but so far it is not able to because of the supply issue but they say they will do so as soon as supply becomes available. contrast to other schools, as you mentioned, neil, for example, notre dame they have enough of the pfizer vaccine to vaccinate all of their student population. but for those students it is strongly encouraged, not a mandate to return to the classroom. back to you. neil: very interesting, lydia. thank you. lydia hu. get the read on this from jonathan turley about the legality. all of you know jonathan, former washington university shapiro chair of institute of law, legal analyst, all around smart atty pants guy. jonathan, help me first off with the legal at this of this. some with their parents, who have a thing about vaccines, will be loathe to follow an edict out of school they can't return to campus unless they have been vaccinated.
12:35 pm
what is the legal ground here? >> well the legal ground is rather uncertain. first of all, private companies are given more leeway than a public government, either state or federal government. but even for governmental actions, for example, if congress passes this law or the state passes a law that says that you must be vaccinated to travel or go to school, that will raise some difficult questions. it is a limitation on other rights. and the question for the court will be whether this is a form of sort of pandemic discrimination. if you don't have a vaccine you're not allowed to travel or do all the things sentence for many peoples livelihood. the courts have only had a small number of cases dealing with this issue. mandatory vaccinations but for the most part they yield to the government. the government can show that this is a public health
12:36 pm
emergency. the problem is that the details that you just heard really undermine that narrative because if you, for example, require all students be vaccinated but not faculty and staff, courts are going to ask well, why? if this is such a public health imperative why would you make this mandatory for some and not all? when it comes to travel i think the courts will be looking at that as well to see if there is at least a rational basis, if not a greater burden on the government to defend these types of rules. neil: as you know republicans are already itching for a fight on these you know, vaccine passports if you will saying that they're enormous intrusion, especially since they can be instituted and implemented by governments the world over. what do you think? >> well i think that we are going to see global use of vaccine passports going forward. it does raise some liberties
12:37 pm
questions and, as usual we don't seem to really be debating the issue as much as whether you know, this is going to pass or not. there is not a substantial debate going on in congress and there should be. when you're talking about, for example, populations that have only 17% or 20% vaccinated, you're talking about limitations being placed on a huge percentage of a population. travel is essential for many people. it also can restrict political speech, assembly speech and associational rights. all of those things have to be weighed here but we're not having that serious debate. people seem to be rushing headlong into this idea of passports. now my concern is that this is going to, that is what is going to happen, people that want passports in congress are going to first encourage private companies to do this, make this an established fact. that companies can always require this and then the government will come in later
12:38 pm
say we'll make this uniform and national. neil: so their argument for pushing this is safety trumps privacy concerns right? kind of like what we saw after 9/11? >> yeah. public health is something that the courts tend to yield to but you will notice, neil, at the beginning of the pandemic courts yielded readily to state regulations shutting down religious meetings, other types of association but as it went on, those arguments became less and less successful. courts began to rule against states saying you're not really giving me any data to really support this. so if you want to follow the science we got to produce the science. right now a lot of what is happening does not seem to follow the science. a lot of schools are still closed when all the science indicates they should be open. so the government is going to have to have a clear, consistent scientific basis if it wants to
12:39 pm
oppose such a dramatic limitation on citizens. neil: jonathan turley, thank you very much, my friend. i appreciate the insight on all of these concurrent issues. they all deal with the same thing. how far do you go with the public and presumably their health. >> thank you, neil. neil: we have a lot more coming up. the dow pared some losses. it is down 114 points. stay with us ♪
12:40 pm
♪i've got the brains you've got the looks♪ ♪let's make lots of money♪ ♪you've got the brawn♪ ♪i've got the brains♪ ♪let's make lots of♪ ♪uh uh uh♪ ♪oohhh there's a lot of opportunities♪ with allstate, drivers who switched saved over $700. saving is easy when you're in good hands. allstate click or call to switch today.
12:43 pm
♪. >> welcome back to "coast to coast." i'm jonathan hunt. some teachers in san diego will begin working with unaccompanied migrant children in shelters in san diego tomorrow, meaning those children will be getting in-person instruction nearly two weeks before tens of thousands of san diego public schools students can go back to school. over the weekend the first
12:44 pm
migrant children arrived at the san diego convention center which will be used as a shelter through july. the san diego county office of education sent out a notice yesterday seeking volunteer teachers saying, quote, all children in california, regardless of immigration status have a constitutional right to an education. san diego officials tell us nearly 1000 people have already expressed interest in supporting the migrant educational program on a voluntary basis. meantime around 6,000 san diego public school students are back to in-person learning but tens of thousands won't back until all schools open on april 12th. republican politicians accuse county education staff putting migrant children first. congressman darrell issa saying quote, the decision to provide in person instruction to illegal migrants is outrageous and
12:45 pm
parents have every right to be angry. the bottom line here, to tomorrow, migrant children of middle and high school age will be getting in-person instruction while most public, middle, high schools in san diego county will be closed until april 12th. back to neil. neil: jonathan hunt. thank you very, very much, my friend. the man outraged by all of this, jim desmond, the republican san diego county supervisor. very good to have you. what do you make of this, a lot of san diego remembers dents, say nothing of san diego residents but california residents in general argue their kids don't get the same allowances. >> that is absolutely true. that is the frustration level for me and many of the parents that contacted my office over the last year, you know, hoping schools would reopen again, allowing them to do it safely and i'm not trying to begrudge teenage girls, what they are, 13
12:46 pm
to 17-year-old girls, held at the convention center for hope fully find them residences, transitioning to houses, family nearby. i'm not begrudging they shouldn't have education but they're getting it while our own students, we got 130,000 in the san diego unified school district, that won't be getting it until april 12th. eastern then on a limited basis. so the frustration level is pretty high here among parents in san diego county who have been hoping to get their kids back in school. they see these migrant kids getting ahead of the line. neil: now a lot of argue on behalf of the migrant teenagers, you're right, most of them are female, is that it is not the same as giving them the education that would be available for others to get virtually just because of the setup, moving them pretty quickly into various facilities
12:47 pm
in the san diego area included. what do you say? >> this is more about the in-earn virtual type of school and education. the fact we had many teachers saying no, no, i can't go back in person because of the virus everything else, here we've got a room full of much, it is all girls and that many, i think about 10% of them now, about 70 out of the 720 are there tested positive for covid. the fact that you know the teachers are willing to go in there but not willing to do you know, in-school teaching or in person teaching in our own public schools. this whole thing is back to the fact our borders are being overrun, particularly in texas and arizona because many of these girls that have come here were flown in from texas and bused in from arizona. the fact that they don't have the capacity there to house all of these children. i heard there is about 12,000 children now. these are, these are teenagers
12:48 pm
without parents. that is who they are. these are kids who didn't across the border with parents. they're 13 to 17-year-old females here in san diego county. i have compassion for them but also, we have to have compassion for our own kids at the same time, giving them at least the same opportunities as the kids that came across the border. neil: yeah. because some of those who are advocating for the kids that came across the border they won't all be getting in-person class room teaching. that it will be that sort of thing, a mix, much as it is for other kids in other parts of the state. i don't know what it is for san diego. what do you think of that? >> well it, it is going to be in-person training at the convention center. it is not in-person training in the regular schools and public schools for san diego county and that is really kind of the main rub. like all of sudden you know, it is unfortunate that all these minors came here to san diego county and the you know, the travel they had, that they went
12:49 pm
through you know to be where they are and yet they get a better treatment, right away within less than a week, they're getting in-person education where our own kids are not. that's really kind of the gist of it. and you know, we want to be respectful for everybody but, waiting over a year for in person education is very truss straighting for many, many parents that have called my office several times you know, waiting for this to happen. they see somebody else getting it first. neil: real quickly, supervisor, sure, pushing time here, but yesterday he had urged gavin newsom to apologize to the people of california when he was talking about those workers who were essential versus not essential. that you argued every person in the work they do is essential. just because a bureaucrat may deem you not essential doesn't mean it is true. bottom line you wanted him to apologize. has he said anything about this?
12:50 pm
>> no he hasn't. quite frankly you know, our numbers in california, we're one of the most restrictive states as far as the lockdowns go. you know, i would be okay with that if our numbers were like in the top 10% or you know, of, number of deaths or lowest number of deaths, lowest number of cases but we're not. we're in the middle of the pack. we're 27 or 28 out of 50 states. so our numbers really haven't reflected the extra lockdowns we've been forced to. we have many, many businesses, many restaurants have not been able to reopen and you know, livelihoods lost and the fact that he is still sticking to his hard-line while he goes, his kids have not missed a day of school, a day of school, they go to private school. he gets to go to the french laundry. that is a slap in the face to the non-essential as you puts them workers. every worker is essential to their family and their livelihood and to their kids. so i think this recall looming out there and it is actually, they have got the signatures to
12:51 pm
make this happen. he is not helping himself by not owning up to a few mistakes he made and big ones affecting people's liverly hoods. the fact he is not willing to do that i think will fuel the fire of the recall. neil: all right. they are counting those signatures to see if they're all valid to get the recall election on. we'll see where that goes. jim desmond, san diego county supervisor. we put owl calls to the governor's office to see if he wants to come on. we have not heard back. we'll have more after this
12:52 pm
before voltaren arthritis pain gel, my husband would have been on the sidelines. but not anymore! an alternative to pills voltaren is the first full prescription strength non-steroidal anti-inflammatory gel to target pain directly at the source for powerful arthritis pain relief. voltaren. the joy of movement. i have an idea for a trade. voltaren. oh yeah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪♪
12:53 pm
[ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind.
12:54 pm
12:55 pm
♪. neil: you probably know the name cathie wood. she made a ton ever money for her investors with some of the most successful etfs on record devoted to technology. she has been branching out with a space exploration etf i should say, ark investments,arkx space exploration fund. real quick i want to get keith fitz-gerald and gary kaltbaum on future of such investing. keith, what do you think? >> great move, logical choice. a lot of money to be made in the space. surprising arely not the little spacs and new business
12:56 pm
newbies. it will be established ones. neil: a rocky ride for them leaving the pad, i'm talking about the unmanned ones blessedly, this is something i imagine not for the faint of heart. gary, your thoughts? >> neil, i can't begin to tell you how many times my family has driven 30 miles to titusville to watch the rockets go up throughout the years. i'm all in. i just hope they don't put in a lot of startups into this etfs. i want to see meaty stuff that make money. there are too many start-ups out there. i'm all in. i'm watching closely. space is the next place we're going in a big way. not so sure of valuation. neil: all right. thank you, guys, very much. i apologize for the truncated nature of that. we'll be monitoring this as well. it's a bet on all the space development and technology we've been seeing to say nothing trips as far-flung to mars, to the
12:57 pm
12:58 pm
1:01 pm
you see a rate backup going on, a lot of spending in the economy, a lot of things to induce the economy, but blake burman is at the white house with plans on the infrastructure and how to pay for it, he's trying to get some details of the top individual rate going back up to 39.6% which seems to be a given. it's all about building for the future, some of it will be in broadband, addressing needs in people's homes and communities, but again, she did not get it into some of the ideas that have been floated out there including a hike in the estate tax, limits on those who do utilize the estate tax the, all of that stuff including a higher corporate tax rate that might go higher than the 28% the administration was already planning. so again, they're not really dotting is or crossing ts here, but they're laying out the groundwork for what will be a very expensive infrastructure plan and one that will call for
1:02 pm
considerable boost in taxes for some. we shall see for how many. meanwhile, ashley webster following other developments in the news today including that backup in interest rates i was showing you, some interesting news out of amazon. all of that right now. hey, ashley. ashley: yes. always lots going on. hey, good afternoon, neil. treasury yields, let's begin there. they are up for the fourth straight day. the u.s. 10-year treasury hitting a 14-month high at 1.77% earlier in the session. as you can see, backing off a little, below 1.74, 1.73%. why? well, vaccine rollouts and plans for infrastructure spending as we know, also boosting expectations of an economic recovery. and, oh, yes, the rising threat of inflation. the rising treasury yields also hitting demand for tech shares. they're getting particularly hit hard, and they are also weighing on stocks as you can see. nothing more, not very drastic, down about half a percent across the major indices.
1:03 pm
the vote counting, meantime, has begun in bessamer, alabama. that's where a very closely-watched union election is taking place at an amazon warehouse. labor organizers are pushing for some 6,000 amazon workers there to join the retail, wholesale and department store union on the promise that it will lead to better working conditions, better pay and more respect. but amazon, meantime, argues it already offers more than twice the minimum wage in alabama, and workers get such benefits as health care, vision and dental insurance without having to pay union dues. the final vote tally on this union endeavor may be days or even weeks away and also legal challenges could come out of it as well. and get ready for a new round of apple iphones max and watch software. if you just bought some, they could be outdated. apple announcing today that its annual developers conference will be held on june 7th-11th, and like last year, it will only be an online event.
1:04 pm
but it's interesting, the event is where apple typically unveil ares new products, new features and software, well, sometimes just some sneak previews of stuff to come. but reports do suggest that apple will also unveil new hardware products before that conference takes place including the new ipad expected in april. you know, neil, you buy some apple products, and within a short amount of time it's old, and somebody's asking you if you got the new version of whatever it is. such is life. neil: it's incredible. it used to be once a year, now it's the every few months. i can't keep up. ashley: right. neil: glad to see you, you know, dockside in florida. ashley, thank you, my friend. great job, as always. let's go to chad pergram. we keep hearing about a brand new deal, kind of like fdr. chad, this green new deal will
1:05 pm
be able to compete fairly easily. what are we hearing now? >> reporter: well, democrats are talking about a $10 trillion plan which goes beyond conventional infrastructure. it focuses on green infrastructure and addressing economic inequalities. >> the thrive agenda invests $1 trillion a year over the next ten years, so $4 trillion spent over the first term of the biden/harris administration. >> reporter: republicans are now worried about the debt. this comes after congressional located $6 trillion for covid over the past year. >> the future of our entire country and the amount of debt that we've now accumulated, which is as large as our economy for the first time since world war ii. >> reporter: democrats plan to use a special process to avoid filibusters on the next infrastructure bill, it's called reconciliation. democrats may go that route
1:06 pm
because they lack gop support for the plan. >> need to get the reconciliation vehicle to do a partisan bill because you can't be guaranteed of the support of to posing party, and that really is a difference from 10, 15, 20 years ago. >> reporter: using reconciliation twice this congress is legal, but using it for a third time tests the senate guardrails. it's unclear if the democrats can actually do that. neil? neil: chad, thank you very much. let's get the read from jared levy, delancey strategies, danielle dimartino booth back with us, former dallas fed adviser. danielle, i have a theory on this -- crackpot theories, as you know -- but a lot of people venturing out of their homes and returning to work are now getting a sense of how bad the infrastructure's gotten in this country. some of them unfamiliar with that because it's been a year or many -- or more where they've been at home. they're finding roads and
1:07 pm
bridges in considerable disrepair and may be getting worse, and i'm wondering in a weird sense whether that improvings the likelihood -- improves the likelihood that we will see something as big as this, that this is actually helping the democrats' case? average americans seeing the roads for themselves? >> well, neil, the court of public opinion is always going to count when it comes to politicians who are on a constant two-year election rotation. they're constantly campaigning. but to the point of people doing drive-byes and seeing howdy lap dated -- how dilapidated the infrastructure is, we came out with a report card earlier this month in march, we've been waiting four years for this newest look-see. and as things turn out, the country's actually, it's improved from a d+to a c-.
1:08 pm
i really do wish that, again, by the court of public opinion that rather than the democrats pump all kinds of different initiatives into this next bill and rather than have the same people who crafted shovel-ready legislation that didn't accomplish a whole lot -- talking about the same exact crop of politicians here, neil -- i'd rather have them focus more on the eisenhower era, on the f can dr era when public/private partnerships made sure there was efficient and quick deployment of u.s. funds purely to infrastructure. neil: yeah, that's the part, purely to infrastructure, right, jared? and then there is the other minor issue of paying for it. now, those who have been advocating for this type of spending have said it pays for itself. but just to be sure, they are looking at a whole, you know, range of tax hikes including estate the tax hikes, maybe higher taxes still on the well to do, corporations, user fees
1:09 pm
and the like. >> right. neil: would that hike in taxes take away whatever stimulative effects we get from this spending? what do you think? >> two things here. by the way, i just want to mention what should have happened last year when nobody was on the roads, states should have initiated some spending. they were concerned about pandemic, you know, budget deficits, but there were budget windfalls, and they should have worked on the streets or started when there was nobody on the roads. that's another story. what's happening right now with this bill, what we know so far is the biden administration's looking to take i believe it was like a $1 trillion hike in taxes and now make it a $3 trillion hike in taxes to pay for this multipronged infrastructure bill. again, you know, my argument here is, okay, yeah, we're going to definitely boost jobs for some blue collar workers who are related industries. in other words, if you're the guy setting, you know, laying down track or concrete or helping to plan that stuff out,
1:10 pm
yeah, we're going to see more jobs increase. but if you start to levy some of these major corporations where housing prices are through the roof, small businesses and medium and large ones are likely going to suffer to some ebb e tent. again, we don't know what these taxes are going to look like just yet, but i suspect if you start to ratchet up that tax and we're already sort of at the cusp of sort of doing okay, i know parts of the economy are booming, but people are still wondering about the future. that could impact, in my opinion, a lot of inner city the jobs, white collar jobs, things of that nature. so again, we have yet to see it shake out, but it's certainly a concern. neil: you know, danielle, if the administration's concerned about or democrats are concerned about it in congress, they have a funny way of showing it. they think the economy is really a starting to pick up speed, that we can absorb these tax hikes, the people are going to have to absorb them, and everything will be okay. what do you make of that
1:11 pm
argument that if you're going to raise taxes, now is the time to do it? >> well, there's a very -- that's a very shortsighted way of thinking, neil, when we had a consumer confidence report this morning that was a complete and total blowout. americans are extremely confident right now because they're finally getting out of their homes en masse if, they've got tax refund money, stimulus money at the same time, but it won't take much if there'sing nothing behind this to blow up this confidence. it's an asymmetric trade. it can go one way or the other when it gets to be this tall of an order. so i would warn them, you have the dow jones industrials close at an all-time high yesterday. you start throwing things like capital gains taxes around, and all of a sudden people are saying, wait, let me get the first one to get out, to liquidate to get in front of this tax event, and all of a sudden you have a cascading event. so this is not a time that you talk about the $3 trillion or tripling what you're
1:12 pm
anticipating in tax hikes. we're just not there yet, neil, and i don't know necessarily that we should be there because, again, if you look back at fdr and eisenhower and interstate highways system plan, it entails the private sector making sure there wasn't a bunch of wasteful spending, and it created more jobs in the process. i think we should be looking at government running more efficiently instead of just bigger. neil: yeah. and build new highways under eisenhower, not tax the ones that are already out there. jared, very, very quickly, as she mentioned, you know, fdr's new deal, i could extend that to lbj's great society. they both led to market booms. now, we've already had a market boom. what preceded those booms were a much softer market. is so you could make the argument, i'm not trying to establish a political bias here, that big spending, big commitments will have big results for the stock market.
1:13 pm
the caveat here, of course, is unlike those other booms that came, we've already had a boom. what do you make of that? >> that's different. neil, what're seeing right now -- what we're seeing right now, this confidence, this happiness, it's like you said, you're letting the lid off of a society that's been cramped up for a year. we're all getting out, we've got some savings. we've pumped citizens full of synthetic wealth, we've put moratoriums on evictions, halted mortgage foreclosures, so right now everybody's, like, yea! six, seven, eight, nine months from now when all we're left with is big, high taxes, and, yeah, we've got prettier street, but all that net worth has been depleted, what have you got? what do you have? we've thrown all this stuff in the short term, and we don't -- it's a much different economy than it was in the 50s, right, we're in a different world right now. and you made the point, it's been a long run. and, again, i hate to be a pessimist. i think we will see some
1:14 pm
short-term benefit, but long term what are we left with, and when we return to normal, you know, evictions and normal proceedings when it comes to loans, having your house foreclosed upon -- and, by the way, house prices are very expensive -- it's going to feel a lot different a year from now. that's what i'm saying. i'm just saying it's going to look a lot different when we have this conversation a year from to to today, mark my wordss going to be a much different feeling for the american consumer. neil: well, the price of a lot of things have been going up, and it could be a lot more expensive next year. you hope that the offset is people are making more, they're doing better, life is grand. but there's no way to look into that crystal ball, although i will hold this to you a year from now. [laughter] thank you both very much. the dow down 127 points, interest rates backing up again. they seem to be marching on their way to 2%. they just want to get there. the question is how soon before they are. after this. ♪
1:17 pm
1:18 pm
but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction... ...and learn how much you can save at xfinitymobile.com/mysavings. ♪♪ neil: all right, you always hear the trouble at the border, but you sometimes have to wonder who is, or you know, pushing the border, who's getting up to the border. and not just along texas, i'm
1:19 pm
talking our entire southern border all the way through california. turns out it's not just mexicans, not just south americans, but some as far away as eritrea, sudan, africa. it's a much wider group than we've been led to believe. william la jeunesse has seen it for himself, joins us with more. william. >> reporter: haitians and brazilians here as well. this is one of the most secure areas of the border. 30 feet steel fence, double, all the way to the ocean. the problem begins, however, right about here where in january president biden stopped wall construction. so this is a whole in the fence people come through. and as we go east, you're going to see another large are gap where the fence ends. that's where groups we saw coming through last night including two men from africa. now, this is different than texas where you see all those up accompanied minors and families with children under 7, that's
1:20 pm
because the mexican state will not take them back. single adults up 103% in el centro, over 300% in you a ma. also -- yuma. i was told that friday in tucson they had 742 known entries and 404 got away. so last night there was a group of 12 mexicans who went through the hole in the fence. they were apprehended. they'll be deported under title 42, that's the pandemic health law that president trump put in effect. you spoke to one guy who worked in restaurants in san francisco, he's got family here, he says, he'll be back. if you get deported, are you going to try again? >> oh, yeah. [laughter] >> reporter: now, these two men that you see here crossed three continents from eastern africa, they went around the fence, turned themselves over to a border agent right in front of us. they're going to be claiming refugee status. they could either go to
1:21 pm
immigration court or disappear. >> i will, i want to live in the country, like the u.s. >> both of the individuals we saw tonight have been robbed, they've been subjected to all kinds of adverse conditions to get here. and, in fact, they are typical of the kind of abuse that goes on by these smugglers. >> reporter: so they've also reached detention capacity, neil, in arizona as well as here in california where they're being forced to release people because there's that bottleneck, and they have nowhere to put them. also i am told by some border agents that they are moving people from texas here to california and then deporting some of those families here, but other ones are getting in. so it's, basically, a mess from one side of brownsville all the way to san diego for these border agents. back to you. neil: william la jeunesse, thank you very much. very interesting. so just how bad, how pervasive
1:22 pm
is this problem, and if we're talking about those from africa making hair way here and -- their way here and way fartherrer south than just mexico and the tip of south america, what are we looking at us? a former i.c.e. attorney joins us. john, that could change the equation a lot, huh? >> absolutely, neil. the optics right now at the border are pretty bad for getting any sort of comprehensive immigration reform done. there are multiple bills that have passed the house again this term that would give lawful status to people who are already in the country. the problem is, is that we see from the media reporting about everything that's going on right now at the southern border between the unaccompanied minors and kids being put into cage-like facilities in addition to the great influx of people coming to the southern border, and that is just not a recipe for getting any sort of long lasting immigration reform done because you can't have a leaky border on one side and have everybody in bipartisan support rallying to give status to people who are already here.
1:23 pm
neil: in the meantime, we're hearing of another potential caravan forming in guatemala, a host of other countries are looking or reporting similar possibilities. so this notion that when president biden was kind of urging folks to sort of slow down, stop this, you know, they're not. in fact, they're doubling the ante here. >> yes, neil, that's, unfortunately, the case. president biden can say all he wants. the problem is people see success. they see that if you get into the united states and you're not from mexico and you cross that southern border, you're probably going to be able to claim asylum, you're probably going to have your chance to stay here in the united states. and so there's not really much of a deterrence effect right now going on at the southern border. people understand that this is the greatest country in the history of the world, and they want to be here, and they're going to keep coming here for as long as this is such a wonderful place to be, and we welcome them under our laws. neil: now, a lot of these cases
1:24 pm
are adjudicated now on american soil. that is a switch from the trump administration where they tried to handle them on the mexican side of the border. that's going to make it a little bit more problematic because the story that once their legal appointments are set, many of them have up and left. i don't know9 what the numbers are, but that is far more likely in the united states than it would be in mexico. >> neil, you're correct that it's more likely that someone in the united states probably isn't going to appear for immigration court than if they are in mexico and they know the only way they're going to get into the united states is to come to court. however, a lot of the media reporting that people come to the united states, claim asylum and never show up in court, it's not nearly as big of an issue as a lot of the media may portray it to be. we see people all the time come into the united states, and they know the only way i'm ever going to get a green card is if i come to court, claim asylum, and i
1:25 pm
win my case. they know there's no other -- neil: i'm glad you said that, john. so what is the percentage of people faced with that, and you're quite right, it would seem to make sense on paper, let me see if i can win this one legally, make an argument that i've been harassed or threatened in my country or conditions are just awful. what percent of those win those cases and get to stay? >> well, it depends on what country you're coming from. under our current asylum laws, a lot changed under president trump so that domestic violence-based cases, gang-based cases from mexico and central america are overwhelmingly being denied. however, if you're coming from the horn of africa or venezuela and you're crossing a border and claiming a asylum, you have a very good chance of being successful because of the fact that those countries are really horrible, and political persecution is going on there on a regular basis. neil: john, thank you. learned a lot. i appreciate that. john gihon, former i.c.e.
1:26 pm
attorney the, as we look at this wrongs that are developing -- throngs that are developing on the board earth. so focused on texas, we ferret about arizona -- forget about arizona and california. also keeping an eye on the importance of this date. where were you 40 years ago? reagan's assassination, how close he came. after this. before voltaren arthritis pain gel, my husband would have been on the sidelines. but not anymore! an alternative to pills voltaren is the first full prescription strength non-steroidal anti-inflammatory gel to target pain directly at the source for powerful arthritis pain relief. voltaren. the joy of movement.
1:27 pm
[announcer] durán catches leonard with a big left. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down. and there's nothing down there with you but the choice that will define you. do you stay down? or. do you find, somewhere deep inside of you, the resilience to get up. ♪♪ [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪
1:30 pm
♪ neil: all right, georgia's getting a whole lot of heat right now over that new voter reform measure that some have even said is racist. jonathan serrie keeping track of the pressure on the peach state the, he joins us from atlanta. hey, jonathan. >> reporter: hi, neil. georgia really is feeling the backlash. you have some progressive activists who are calling for boycotts of not only georgia's largest businesses, but also its largest industries and some of it major sporting events. for example, the national black
1:31 pm
justice coalition is urging the pga to leave awe bus that national -- augusta national golf club for an out of state location, and filmmaker james mangold tweeted, i will not direct a film in georgia. bernice king tweets: please stop the boycott georgia talk. that would hit middle class workers and people dealing with poverty. governor brian kemp tried to reassure gop voters. democrats who oppose the bill are are using it to rally their base, labeling the election changes as jim crow 2.0. georgia's leading employees -- employers are cautious in their public statements on the law. for example, delta ceo ed bastion said: we are committed to continuing to listen to our people and our communities and engage with leaders from both parties to insure every eligible employee and georgia voter can
1:32 pm
exercise their right to vote. >> it's a majority of republicans who want this. and so these companies are keenly aware that if they do anything to turn off republicans, they could lose 50% of their business. likewise, they don't want to upset democrats too much, because they're nervous they lose those customers. so a very fine line to walk. >> reporter: yeah, very fine line, indeed, because this state near evenly divided between republicans and democrats, and each feels passionately about this newly-signed law. neil? neil: jonathan serrie in atlanta, thank you. want to go to ed rollins right now, the former reagan/bush campaign manager, fox news contributor. i had governor kemp on last week. i raised the issue if these, you know, new voting measures were in effect in 2020, would donald trump have won the state. in other words, did he make these changes cogny santa of the pressure on -- cognizant of the pressure on georgia particularly coming from the president and
1:33 pm
others that he somehow, were these rules in effect, screwed up what would have been a donald trump win? what do you think of that? >> i don't believe that. i still believe that no matter what the legislature's passed, it's their prerogative unless congress wants to overrule them as they would in h.r. 1. the reality is voters still can vote. it may make it more inconvenient in some cases and certainly safeguard some cases. but at the end of the day, there's no disqualifying anybody from voting. so my sense people are motivated to vote are going to turn out to vote. this was a unique election, a lot of handicap put into this election because of covid, but my sense is today voters in georgia -- which is now an ultimate swing state -- are going to vote no matter what the rules are. neil: so if this now addresses some of the frustration that republicans had about the fairness of voting or even the
1:34 pm
smoothness of voting in their state, i guess it goes back to the concerns raised by some that donald trump felt the state robbed him, and those rules robbed him of a win. do you think that that anything that they're touching on here with these changes makes something like that less likely? if you buy that premise. most don't, i don't, but i need your thoughts. >> i don't buy that premise. the bottom line is it is a very competitive state. i don't think the republicans anticipated it being as competitive. it was not only competitive when trump lost the presidential race, we lost it with the two senate races in january. democrats turned out, and we didn't in the same kinds of numbers. and i the we have to be prepared. the game is now changed, and they're going to be fully engaged in states like wisconsin, states like georgia, states like arizona which are the three states we lost by 40,000 votes that made the difference. neil: yeah. let me switch gears because it's a very important anniversary.
1:35 pm
you probably knew immediately waking up today, 40 years ago today the attempt on ronald reagan's life. one of the things i've been watching this special on fox nation, how the president didn't even know he was hit right off, but he had a pretty good idea as he was riding in the limo and that was redirected to george washington university hospital. when that hit and the severity of that hit and the fact how close history was completely moved to being upended here, it was a very close call for ron reagan, wasn't it? -- ronald reagan, wasn't it? >> very close call. a lot of things i don't remember the last 40 years, but when i was at the white house when this all occurred, we watched this over and over and over again. the three networks were there, cnn didn't have a camera crew there, but everybody saw it, it was 24 hour a day network news.
1:36 pm
a lot of details were missing. reagan was very brave and courageous. he didn't know how badly he was hurt initially. jerry parr, the head of his secret service, grabbed him, threw him in the car. reagan thought he broke his rib, and and all of a sudden they saw blood coming out of his mouth,they shifted to the hospital. when they got to the hospital, he walked himself in, then collapsed. he almost bled out. i was on my phone with my friend and mentor, and -- [inaudible] neil: right. >> and so i knew the details. at first i was in jim baker's office with senior staff. baker was at the hospital. and len said i don't think he's going to make it. doctors are really, really concerned. he's really lost a lot of blood.
1:37 pm
he's very pale. and so i think the bravery of the men who stood, secret service, dan mccarthy took a bullet, a policeman took a bullet, brady who took a bullet all basically was sort of lost in the sense of the shocking event of the day. we could have lost reagan very easily. he wanted to come back to the white house, probably came back too early, came back in 11 days, made major speech to congress. and in a way it was all kind of to show that he was -- age was an issue at that point in time. the country was shocked, we were shocked, and i think at the end of the day we came very close to losing him. neil: you know, you really get a sense of that watching this and the tick tock on it. one of the things i also put in perspective as you knew very well, he was only president a couple of months. he was not a young man. i mean, at the time he was our
1:38 pm
oldest president, elected at 69, sworn in at 69, so something like this on a young man would be dicey, to say nothing of a man his age. but i do remember how it transformed his presidency, and it was almost like he was on a mission from god after that. whether you agreed or disagreed with his agenda, that this a really weird way helped foster enormous support for that agenda, and he was able to cobble together democrats, southern democrats and the like for tax cuts that would change the complexion of this economy. and to this day, the suggest of huge debate. but -- the subject of huge debate. but that all started not only for a man who was elected in a landslide, later reelected in a landslide, but not even more support, sympathy, attention and admiration for the way he handled it, huh? >> after he was shot, he had a 71% approval rating, which i don't recommend to anybody to get by getting shot, but at the
1:39 pm
end of the day, his act of going to the congress, a man just literally out of the hospital, was not fully engaged as president yet, to go up and make a major address applauded by both sides to push through his legislative agenda which really became the total agenda of the administration was brave and courageous. that was the kind of man he was. he had great gut, and he didn't want to show any weakness and was very concerned about the soviets at that point in time, didn't want to show them any weakness. we were worried about them, and i think to a certain extent what it also did to him end, what he said to me one time, he said, you know, god saved me for a certain reason. i don't know what it was, but i believe in destiny, and it wasn't to blow the world up. so i'm going to do everything i can to make peace with the soviets and, obviously, made every effort he could in a very meaningful way. neil: a remarkable personal story and a testament to the sense of humor, selflessness
1:40 pm
just to say, honey, i forgot to duck or asking the doctors, hope you're all republicans. i thought that was urban legend, but it's all true. ed, thank you. >> my pleasure. ing thank you very much. take care. neil: thank you, ed, for your crucial role in this history 40 years ago, if you can believe that. where does time go?nt we'll have more after this. from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity.
1:41 pm
1:42 pm
insurance here with some sweet advice to stop you from overpaying on worker's comp. try pie instead and save up to 30%. thirty percent? really? sure! get a quote in 3 minutes at easyaspie.com. that is easy. so, need another reminder? no, i'm good. reminder for what? oh. ho ho, yeah! need worker's comp insurance? get a quote in 3 minutes at easyaspie.com.
1:43 pm
municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-763-2763. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years,
1:44 pm
and offers high-quality municipal bonds from across the country. they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763 ♪ >> welcome back to "cavuto coast to coast". i'm lucas tomlinson. the national space council was created in 989 by -- 1989, it was scrapped in 1993 by bill clinton, resurrected in 2017 by former president donald trump. i asked john kirby what makes space so important to the pentagon. >> the secretary takes very seriously the challenges in the space domain, and he wants the
1:45 pm
space force as well as planners to be thinking about how we better operate in space. >> reporter: last month massa's mars landing sparked a new rah of space exploration -- nasa. the perseverance will collect rocks from the red planet and return them to everett. the national space council will be renewed to assist the president in generating national space policies, strategies and synchronizing space activities. many credit elon musk for making space a hot commodity, though a new rocket exploded this morning in texas. kirby also said why satellites are so important to the u.s. military. >> they obviously play a key role in our ability to operate around the world and around the clock. and they, they do provide a lot of capability, both civilian and commercial interests as well as for military interest.
1:46 pm
nobody's interested in the militarization of space. >> reporter: neil, that blue dot on your map is for space force, a dozen satellites in space to get you where you need to go, neil. neil: lucas, thank you very much. charlie gasparino with us right now. he's been following the fallout from people who had money in or were tied to this firm archegos. what's the latest here? some firms, charlie, i guess tried to get out of it and ease their exposure. others, not so much. >> those others couldn't get out. and bill wang, as you know, was the money manager here. his personal fortune. here's the interesting thing, neil, and this is why the sec is maybe putting the gamestop/robinhood thing on the back burner and turning to this, because this is fascinating. mr. wang was able, you know, just from having a few bucks more than us but not, you know,
1:47 pm
he wasn't warren buffett, he was able to amass positions worth anywhere between $50 billion-100 billion. that is amazing. how how did he do that? through largely unregulated, undisclosed swaps and derivatives, and that's where i think the sec's going to look at it. how is this guy able to amass that type of market position through the street using various different banks and delive tyes purchased from -- derufftives purchased from those banks? now we're getting estimates on some of the total losses across the street, across wall street. we're hearing as high as $12 billion now. it's spread among several firms, goldman sachs, morgan stanley on the low end. they got out early when they smelled this thing after a meeting on thursday with the firm and with credit suisse, which was its main broker, they started bailing and unloading positions tied to archegos.
1:48 pm
credit suisse, not so much. that's going to be an interesting story, neil. later this week we're going to probably hear what's going on at credit suisse, what they are planning to do to make up for the shortfall, the money they lost. which they're saying it is material. it's going to be an interesting story. do they have to sell stocks, do they have to do something? they're telling us right now that their balance sheet is stable. i heard that a million times during the financial crisis out of lehman and bear, you know what happened next. a lot of people on the street saying they may have to issue stock or do something to recapitalize. or maybe get more money from the swiss. we'll see what happens. they're going to address it later this week, and we'll get the full monty on the size of their losses. back to you. neil: charlie gasparino, thank you very much. in the meantime the, you're not imagining, oil prices are zooming up, the latest more than 11%. haven't seen that since the
1:49 pm
early part of 2014. how that could affect you and all these young people just diving into housing right now. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ - hello, friends, michael youssef here, the bodily resurrection of jesus christ from the dead, on the third day after he was buried, is the clearest demonstration that he is the god of power and might. without his resurrection, there can be no power for living here and now or eternal life with him in heaven.
1:53 pm
january -- the most recent month for which we've gotten data -- the average home typical price up 11.1%, the strongest gain we've seen since going back to march 2014. roger healey joins us right now. roger, where is this going? >> you know what? i think at this point it's safe to say we don't know. it's been like this for a long time, and normally we have a really busy spring and summer, but we've just had a busy really last 12 or 13 months. and, you know, you talk about all the people buying, we also have the shortest amount, the lowest amount of inventory historically we've ever seen. so whether it's 2014 or 2021, this is something we don't see an end in sight, and that's a very realistic perspective from someone who happens to be in real estate. neil: you know, roger, not only is it getting more expensive to finance a home, and these are enviable level regardless, but certainly the trend has not been the friend. 10-year yield have tripled, if
1:54 pm
you think about it, from their lows a year ago. mortgage rates haven't nearly as much, but they could. what do you think? >> i think, again, we're in a situation where people are going to have to just figure it out. and for, you know, for a long time, and this is my 20th year in real estate and really the first 19 years the rule was location, and now i i think it's going to shift to affordability, is and people are going to have to do things where maybe they would stay in a house for three years, maybe they stay for five years. it's going the put things in perspective. it's a great time to sell, but if the seller turns into a buyer, maybe they're not going to sell either. so we're at this really you week cross roads, we're still going to have the just as much activity, and we have literally half as much inventory this year than we did a year ago this time. what do we to? we figure it out. -- what do we do? we power through it, but the beauty of this time with real estate, the difficult part is that we actually have an influx of people wanting to actually purchase. neil: so if you're a seller of
1:55 pm
an existing home, the world is your oyster. if you're a buyer, combined with the higher rates for borrowing to say nothing of the pricier homes and the commodity prices that we've seen rise from lumber, all of that, you're getting a double whammy here. >> yeah. i mean, i guess the world is your oyster, it's just a matter of what season the oyster is coming out at. and it's rah great time -- it's a great time to sell, but you're not really buying into equity the in most areas. this is everywhere, and we're seeing places boom in the midwest that historically were places where people would plea from. you know -- flee from. millennials and baby boomers are the two biggest demographics in the country, and they're driving our real estate market. with over 70 million millennials purchasing homes in the near future, there's literally not an end in sight. so we have to just figure it out, and this new normal is not just with our country, but our real estate market as well.
1:56 pm
neil: are you bullish on housing overall though? >> absolutely. yeah. i'm extremely bullish. and also, like i said, i'd realistic. with lumbarrer and labor prices increasing, we're also seeing an increase in rental prices. so at some point people are going to want to shift the amount of money they're spending to a mortgage payment versus paying someone else's mortgage. we're in the safest we've ever been as far as an american real estate economy. neil: all right. we'll watch it closely. thank you very much, again, following this housing boom that looks pretty real right now and pretty sustainable. we'll have more after this. you should meditate. eat crunchy foods. go for a run. go for 10 runs! run a marathon. are you kidding me?!
1:57 pm
1:58 pm
feeling sluggish or weighed down? with every vaccine, it could be a sign that your digestive system isn't working at it's best taking metamucil everyday can help. metamucil psyllium fiber, gels to trap and remove the waste that weighs you down. it also helps lower cholesterol and slows sugar absorption to promote healthy blood sugar levels. so you can feel lighter and more energetic metamucil. support your daily digestive health. and try metamucil fiber thins. a great tasting and easy way to start your day.
2:00 pm
neil: all right. to charles payne who i want to thank for substituting on "your world" on fox news. i leave you with a confused market, my friend. charles: my pleasure and honor, neil. this is "making money." breaking right now, neil is right. market struggling. treasury yields back. by the way is it time to also consider the traditional safe haven stocks? i'm talking consumer staples. they're boring but may be attractive. we have you covered. we're talking about vaccine passports. colleges and businesses are embracing them.
40 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1032898585)